fdic

Binance (Nikhilesh De/CoinDesk)
That Binance Suit Sure Seems Bigger Than Just a CFTC Case
The implications of the CFTC’s lawsuit against Binance extend well beyond any civil action.
Binance (Nikhilesh De/CoinDesk)

Morning commute at modern business district in Tokyo, Japan
The Short-Sightedness of Run-Amok Regulators
Ric Edelman, founder of the Digital Assets Council of Financial Professionals, talks about a key reason why crypto’s future looks bleaker: an apparent effort to cut it off from U.S. banks.
Morning commute at modern business district in Tokyo, Japan

FDIC logo
FDIC Gives Deadline of Next Week for Crypto Depositors Stranded by Signature Failure
The U.S. banking regulator is aiming to get the deposits cleared by April 5.
FDIC logo

Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.
U.S. Bank Regulators Investigating Leaders of the Failed Tech Banks
FDIC chief Martin Gruenberg said a probe is underway as he and Fed Vice Chairman Michael Barr get set to tell U.S. senators what went on at Silicon Valley Bank, Signature Bank and Silvergate Bank.
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp.

Federal Deposit Insurance Corporation (FDIC) (George Rose/Getty Images)
First Citizens to Buy Much of Silicon Valley Bank, Assuming $72B in Loans, $56B in Deposits
The Federal Deposit Insurance Corp. also acquired equity appreciation rights in the parent of First Citizens Bank, which are potentially worth up to $500 million.
Federal Deposit Insurance Corporation (FDIC) (George Rose/Getty Images)

Silicon Valley Bank Sign (Provided)
First Citizens to Buy Silicon Valley Bank: Bloomberg
SVB, a bankrupt lender, was the bank for some big crypto firms, including Circle Internal Financial.
Silicon Valley Bank Sign (Provided)

Lifeboat
Bitcoin Emerges as Safe Haven as Traditional Finance Faces Turmoil
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.
Lifeboat

After Silicon Valley Bank's Failure, Regional Banks Face Greater Scrutiny (Spencer Platt/Getty Images)
The Reality Behind the Crypto Banking Crackdown: ‘Operation Choke Point 2.0’ Is Here
Banking enforcement targeting legal crypto businesses appears to violate the FDIC's mandate. It may also be amplifying financial contagion.
After Silicon Valley Bank's Failure, Regional Banks Face Greater Scrutiny (Spencer Platt/Getty Images)

BD03-21-23
The FDIC Is Exploring How to Insure All U.S. Bank Deposits
For many in the crypto space, this is evidence of the U.S. government’s inevitable mission creep in the banking system.
BD03-21-23